Mannatech, Incorporated (NASDAQ: MTEX), a leading developer and provider
of proprietary dietary supplements, weight management products and skin
care solutions, today announced that its Board of Directors declared a
quarterly cash dividend on Wednesday, November 19, 2008 of $0.02 per
share of common stock payable on Monday, December 29, 2008, to
shareholders of record at the close of business on Thursday, December
11, 2008.
Wayne Badovinus, president and CEO of Mannatech, said, "This marks the 19th
dividend declared by our board since January 2004. Although we made
progress in the third quarter by returning to profitability at the
operating level, strong liquidity remains an important factor in our
on-going turnaround efforts. Continuing our dividend at this level makes
an important contribution to this effort. We believe in the quality of
our products and the future of our company and we remain committed to
returning value to our shareholders.”
About Mannatech
Mannatech, Incorporated, is a global wellness solutions provider of
innovative, high-quality, proprietary dietary supplements, skin care
products, and weight and fitness products sold through independent
Associates and Members located in the United States and the
international markets of Canada, Australia, the United Kingdom, Japan,
New Zealand, the Republic of Korea, Taiwan, Denmark, Germany, South
Africa, and Singapore.
Please Note: This release contains "forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as amended,
and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by use of phrases
or terminology such as "intend,” "may,” "believes,” "plan,” "will
continue,” "expects,” "potential,” "should,” or other similar words or
the negative of such terminology. Similarly, descriptions of Mannatech’s
objectives, strategies, plans, goals or targets contained herein are
also considered forward-looking statements. Mannatech believes this
release should be read in conjunction with all of its filings with the
United States Securities and Exchange Commission and cautions its
readers that these forward-looking statements are subject to certain
events, risks, uncertainties, and other factors. Some of these factors
include, among others, Mannatech’s inability to attract and retain
associates and members, increases in competition, litigation, regulatory
changes, and its planned growth into new international markets. Although
Mannatech believes that the expectations, statements, and assumptions
reflected in these forward-looking statements are reasonable, it
cautions readers to always consider all of the risk factors and any
other cautionary statements carefully in evaluating each forward-looking
statement in this release, as well as those set forth in its latest
Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and other
filings filed with the United States Securities and Exchange Commission,
including its current reports on Form 8-K. All of the forward-looking
statements contained herein speak only as of the date of this release,
and Mannatech has no intentions, and disclaims any obligation, to update
or revise any forward-looking statements, whether as a result of new
information, future results or otherwise.